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congressman eric cantor, the house majority leader is pushing to cut the red tape. and since he does have out there, he actually has a shot at doing it. it's just too hard right now for businesses to continue to operate, gen all the onerous and burdensome regulations coming out of washington. and we want to make that stop so we can turn the country around and began to be a starter country again. know that the obama administration over the course of the term has imposed 400 regulations that impose more than $100 million of costs annually on small businesses. the small business administration has said that there are so many regulatory burdens on small business that it cost them $10,000 per employee. those are the kinds of things that we want to stop rig now so we can see more startup and jobs created. >> is one thing to hope for freezing regulations. but guess we had hoped for "a-team" canaday. if you don't know these regulations, you could be in big trouble. let's say that you stop adding to the regulations. that alone has prompted the obama administration say, well, republicans don't want to
speaker john boehner's office or eric cantor officially, but fox news has learned a representative from the house, republican has told one of our people on the hill he does not think there are enough votes in the house to pass this, and leadership, republican leadership, mitch mcconnell, even john boehner even though he is not a part of this deal are playing with fire. has there been any official word from anybody other than nancy pelosi? >> we got no official word on this. a number of house republicans who are upset with the way things have been going so we are not quite sure who's a republican member was who said that, but you have got to kind of look at leadership here or there. they will not bring a bill to the floor if they do no did not believe they have the votes to do this thing. adam: just for brevity, we want to show you the shot from times square. square. million people celebrating the new year. everyone of these people can expect a tax increase because without both chambers passing any kind of legislation, you make $50,000 per year as of 12:01 january 1 you will pay $1200 mo
. the speaker voted for the package, as did house budget chairman paul ryan. majority leader eric cantor and republican whip but against it. with the speaker facing reelection tomorrow, many frustrated conservatives are still saying he did his job. >> the speakers showed at a time which harry reid went home and went to bed and left its the vice-president. at least the speaker was always straight, honest with us, and allow the regular process to occur. >> at the white house last friday fox news confirmed the speaker told read to go left himself twice after reading accused him of running the house like a dictatorship and being more concerned about saving his own job and getting a deal. republican sources say that is likely to boost the stock with conservatives. lou: thank you very much. fox news chief congressional correspondent. our first guest tonight voted against the fiscal cliff deal in the house and says it's just another deal by washington insiders with no real solutions and points to a lack of courage and will in washington. he also rallied opposition against the speaker's plan the
is going now. but what i think the speaker and maybe majority leer eric cantor are leaving out is the reason all eyes turned to the senate is the speaker can't get the job done thursday on plan b. plan a is essentially the big deal, the $4 trillion debt plan. i was speaking a short time ago to a white house official that happened they believe the president moved halfway towards the republicans starting at only want to go raise taxes on $250,000 and above. he moved that goalpost to $400,000 or more. speaker baner was far away saying it should be $1 million. bring it up for a vote. he brought it up and had to pull it back. there is frustration among the president's aides,umping through hoops, trying to get a deal. now the president is on vacation in hawaii and there's been no progress. everyone went home for the holidays. >> i want toet this in. i have to ask, a lot of people were surprised the president announced he would come back from vacation. when did you know he was going to do that? >> we've known for at least two or three days it was likely he would come back. he wanted t
back on sunday evening according to a republican source, eric cantor, the house majority leader making that announcement on a conference call just a couple of hours ago. so they will be in town. but still we're all waiting on some type of agreement from congressional and perhaps the president, leaders, to have some type of framework for democrats and republicans to vote on. right now we're not there, and so far both sides have taken to blaming one another. >> the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house of representatives to get what they want. if the 250 would be brought up, it would pass overwhelmingly. >> we wanted an agreement. but we had no takers. the phone never rang. and so now here we are five days from the new year and we might finally start talking. rich: so senate democrats want the house to pass their proposal. it passed a couple of months ago. it extends all current tax rates for income amounts on families of less than $250,000 a year. rep
does not float. eric cantor voted no. paul ryan voted yes. what does that tell you? >> there is a split the republican party into a certain extent, biden is a big beneficiary. the speaker is the person who lost the game now proven that you cannot produce the caucus. there is no power unless it can produce. the majority voted against. gerri: he said the democrats rode the republicans. what will be the result? >> i think will see. whether he is reelected as speaker, he probably does. if it was by design, they were trying to give everyone cover. if it was by default than they have a lot more problems than you think. it just strengthens the president's hand going into this next set of negotiations worry not only has public opinion that the business community who oppose him to the nail in his reelection but supported them in this effort and will support him as the republicans try to shut down the deficit or stop from paying the bills. gerri: everything i heard about this plan has been negative. people don't like it, don't want higher taxes on the wealthy and think it constrains small busines
leader eric cantor walking into that meeting. still waiting to hear how it is going. even before the meeting was called, cantor and other top republicans were saying they won't support the bill. the fate here is really uncertain. rich edson is live on capitol hill keeping track of this for us. rich, is there any word what specifically they're discussing in this meeting and whether or not they're making any progress? >> well, diane, the point here is whether or not to amend this bill, to change this bill or bring this bill, the proposal that passed the senate last evening up to the house floor to a vote. this is a decision that house republicans will have to make fairly soon here. they're getting pressure from a number of different folks, especially democrats who say, basically pressure them to hold a vote on it. >> we don't believe that compromise is a dirty word and unfortunately among house republicans that seems to be a growing sentiment. that even a bill that was put together by republicans and democrats in the united states senate, 89 votes strong, is a bill that somehow the
majority leader eric cantor telling republican members they should be back on sunday evening to be prepared to work. though much like the senate they have nothing to vote on right now. it is a positive sign if congressional leaders reach some type of a deal the house and senate will be in town to get votes on the record, but still there is no deal worked out right now between top democrats and top republicans in washington. house republicans are calling on the senate to pass their various proposals dealing with the fiscal cliff. the senate majority leader says it is up to the house to pass the senate plan. >> so i say to mr. speaker, take the escape we have left you. put the economic fate of the nation ahead of your own fate as speaker of the house. millions of middle class families are nervously watching, waiting and counting down the moments until our taxes go up. >> senate minority leader mitch mcconnell is expected to take the senate floor a few minutes from now. he has been saying his office has been saying throughout the day when senate democrats offer a plan, republicans will review
and the majority leader eric cantor are leaving out is all i is go to the senate because the speaker could be ate the job done last thursday night with plan b. e plan a is essentially the big deal, fortran dollars debt plan speaking a short time ago to a white house official who says they still believe th they move halfway towards republicans starting out only one interest tax in $250,000 above. they have moved that goalpost to $400,000 or more. speaker john boehner moved away from that saying it should be a from that saying it should be a or more, he brought it up and had to pull it back because it did not have enough republicans. frustration among them that they were jumping through hoops trying to get a deal and now the president on vacation in hawaii basically no progress. they understand that rea. eric: when did you know he was going to come back? >> we knew two or three days it was likely he was going to comel back. he wanted to spend family time yesterday and go to the marine base because it was a christmas vacation to thank the troops but they knew pretty quickly was going to have to get
the republicans did on this vote. eric cantor voted against it. house majority kevin mccarthy voted against it. peter roskam voted against it. paul ryan, the vice presidential candidate voted for it. so you have a very split republican leadership perhaps speaker boehner might not be up to the task. that could play into it, although he has gone broad support and it may not be an issue the one that is rich edson lycra capital. thank you for keeping us updated on the solvay, we know it's been a busy day. we appreciate it. rich: thank you. diane: that's the latest on the fiscal cliff. we will not be going over it. we finally have a deal. the president that's one small step. tune in to fox business tomorrow morning at 5:00 a.m. the maxis has been a fox business special report. the return you to your regularly scheduled programming. john is 42. mortgage. married. two great kids. he wants to protect his family with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred dollars a month? sixty? forty? actually none of the above. john can get a $500,000 policy -from a highl r
and house majority leader eric cantor negotiated a year 1/2 ago that were put on the table. perhaps if you include some of that you increase some of the spending. what the democrats will be the spending on doctors fix, that is preventing doctors from getting a pay cut if they treat medicare patients and extending patch for alternative minimum tax to insure 10 of millions of americans don't have to pay the amt for this year, that is something congress typically does at the end of every year. it is not honest budgeting in washington. these are ideas that have come about basically as democrats and republican haves to throw the spending together at the end of every year. adam: we have about a minute before the president will start speaking the spending cuts that are on the table, there are a lot of people say that is enough to put the economy into recession. is that going to keep the democrats from possibly approving this deal? >> depends on the spending cuts. right now you're talking about $94 billion in what is known as the sequester. that is just for next year alone. automatic spending cuts
call. eric cantor ridge just announce the house plans to return on sunday at 6:30 p.m. and will be in session sunday through friday, that is after new year's by my calendar, still awaiting senate action but will be back on sunday, 40 hours that you were talking about. it is time for stocks. we head back to nicole petallides on the floor of the stock exchange. nicole: the best levels of the last few hours and wonder if people are saying i like it, put me in extra effort. a moment ago, the last half hour we were down 140 points so we are seeing some improvement in the market right now. let's talk about two names on the move, smith and wesson we are talking about, saw them selling off dramatically after the shooting in connecticut. just 3.5%, repurchasing of $15 million in shares. also dominos pizza, a great performer today and stock hitting an all-time high, oppenheimer raising the price to $50 and earnings per share, a vase a domino's pizza looking good, potential bright spot to the year 2013. tracy: coming up talking about the weather, a winter storm wreaking havoc o
eric cantor that he is against the bill. how damning is it that top republicans are coming out saying they're opposed to deal? >> that is very problematic. that could be a situation where a number about republicans say, look we have tax rates that have gone up. it is beyond january 1st, midnight. what this represents, this proposal is a tax cut, a major tax cut, basically for anybody, any family making less than $450,000 a year. on top of that, you also got this next round upcoming that of a debt ceiling fight. there are republicans like senator lindsey graham who are saying look, make sure you take the debt ceiling fight with your spending cuts, for the spending cut fight. why don't we make sure we cut taxes now and move onto that next round? that is a feeling among a number about republicans here. you have a significant amount of democrats, perhaps who could potentially come along with this. it is still so early in the stage, can't believe we're saying it is early in this because it is beyond the fiscal cliff deadline and into new year's day. still lots of to be worked out. a lot of
vote comes and goes, the speaker is gone and told one of eric cantor's aides that the bill was -- connell: two part question to add it up because we have to go in a second. do you think or do you know anything about a possible vote today and what do you say to the conservative argument that come of that say we voted on this fiscal cliff deal that didn't have any spending cuts and couldn't stomach another votes on spending and some members of the new york delegation brought up to me apparently loaded the bill up with pork. any truth to that? >> absolute lies. whatever was in the bill that was considered pork was put in for other states, put in the senate, all taken out. governor christie and governor cuomo and governor bloomberg give a breakdown of the republican leadership, we were told it was satisfactory. there was no pork. i wish they would tell the truth. connell: no vote you know of on the schedule today? >> no. 100 people are missing today. the house is not in session today. connell: congressman king from capitol hill, talk to you again soon. back to the markets, big
, outmaneuvered, outcreated and if they don't, the, this eric cantor. he decides he is voting no. part of the leadership. lori: not until there were enough yes votes to get requisite approval for the deal. melissa: what would your advice be? >> i think republicans would he will be well-served to discover if they are a political party or simply a fund-raising origination and a branding mechanism. because they seem to have no ground operation which is essential if you will be a political party and you're going to it up candidates for president. they don't seem to have any principles they won't abandon. they seem to have no vision they will share with the rest of us. you i think they're really at cliff, they're at the precipice no longer being a relevant political party. lori: that is huge statement, lou. melissa: could they use the opportunity, whether the debt ceiling or --. lori: sorry to come in but the social issues. you know what i mean. do they need to do better job connecting with the general public on social side of things, gay marriage, abortion, stem cell research? >> actually
Search Results 0 to 15 of about 16 (some duplicates have been removed)

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